OSAKA/TOKYO -- Nidec said Tuesday it will acquire the automotive device subsidiary of Japanese electronics group Omron with an eye toward becoming a supplier of key modules for electrified vehicles.
Nidec, a leading producer of precision motors, expects to spend about 100 billion yen ($893 million) to purchase Omron Automotive Electronics, turning the company into a wholly owned subsidiary. The deal is slated to close at the end of October. Producing motor control systems and automotive sensors, the Omron unit generated sales of 133.2 billion yen in fiscal 2017.
